Date: December 20, 2024Category: GST Recent NewsRead Time: 4 Minutes The 55th GST Council meeting, scheduled for Saturday, may deliberate on a key proposal to bring Aviation Turbine Fuel (ATF)…
AP Chambers Opposes New GST Slab Proposal
Date: December 20, 2024Category: GST Recent NewsRead Time: 4 Minutes The Andhra Pradesh Chambers of Commerce and Industry Federation (AP Chambers) has urged the GST Council to reconsider the introduction…
Relief to Infosys on GST Demand Notice Likely Delayed
Date: December 20, 2024Category: GST Recent NewsRead Time: 4 Minutes The resolution of Infosys' ₹32,000 crore GST demand notice is likely to face delays. The GST law committee is still…
CBIC’s Second Nationwide Drive Exposes ₹26,543 Crore GST Evasion
Date: December 19, 2024Category: GST Recent NewsRead Time: 4 Minutes The Central Board of Indirect Taxes and Customs (CBIC) has unearthed a massive GST evasion of ₹26,543 crore during its…
GSTN Advisory: Accurate Entry of RR No./eT-RRs in the E-Way Bill System
Advisory No. 562 issued on December 18, 2024, provides detailed guidance on the accurate entry of Railway Receipt Numbers (RR No.) or eT-RRs in the E-Way Bill (EWB) system. This…
GCCI Seeks SOP for GST Registration to Ease Business Operations
Date: December 18, 2024Category: GST Recent NewsRead Time: 4 Minutes The Gujarat Chamber of Commerce and Industry (GCCI) has urged the government to implement a Standard Operating Procedure (SOP) for…
GST Council May Reverse Supreme Court Verdict in Safari Retreats Case
Date: December 19, 2024Category: GST Case UpdateRead Time: 4 Minutes The GST Council plans to discuss a proposal to retrospectively amend the Central Goods and Services Tax (CGST) Act during…
CAG Flags Errors in Income Tax Assessments and Revenue Loss
Date: December 19, 2024Category: TAX NewsRead Time: 4 Minutes The Comptroller and Auditor General (CAG) of India has identified widespread errors and omissions in income tax assessments, resulting in an…
Kerala GST Dept. Issues Notification on Settlement of Tax Arrears Under Kerala Finance Act, 2024
The Kerala Government, through the Taxes (B) Department, issued Notification G.O.(P) No.174/2024/TD on December 12, 2024. This notification amends the earlier one (G.O.(P) No.124/2024/TD dated September 28, 2024). It specifies…
GST Council Meeting: Big-Ticket Rate Rationalisation Requires More Discussions
The Goods and Services Tax (GST) Council will meet in Jaisalmer on December 21, 2024, to discuss various issues. Key topics include tax relief for health and life insurance premiums.…